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Article: Fixing Thailand from the inside out. (Special Feature).(Brief Article)
- Article from:
- Business Asia
- Article date:
- December 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 First Charlton Communications Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ASK THE THAI Government how Thailand will fare through the expected world slowdown and they'll confidently state that the country is in a better position to ride out the storm than some of its neighbours.
Deputy Prime Minister and Finance Minister Dr Somkid Jatusripitak says Thailand, whose shaky financial system's collapse triggered the 1997 Asian financial crisis, has the fundamentals right. Somkid says the Government's focus on stabilising the domestic economy and promoting tourism will ensure steady, if much reduced, growth. The country's strong base of agricultural exports has also held it in good stead, he said, as Thailand had not been affected by the drop ...